# Scottish Enterprise Portfolio Map 2026: 118 Startups by Sector > Scottish Enterprise's portfolio mapped: 118 startups it has backed, in 12 sectors from Biotech, Healthtech and Agtech on. Source: https://millionrounds.com/portfolio-maps/scottish-enterprise-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Biotech 31 - [Valneva](https://millionrounds.com/company/valneva) - [*DM* Dysis Medical](https://millionrounds.com/company/dysis-medical) - [EnteroBiotix](https://millionrounds.com/company/enterobiotix) - [Macomics](https://millionrounds.com/company/macomics) - [Cumulus Oncology](https://millionrounds.com/company/cumulus-oncology) - [*AB* Aquapharm Biodiscovery](https://millionrounds.com/company/aquapharm-biodiscovery) - [*TG* TPP Global Development](https://millionrounds.com/company/tpp-global-development) - [BIOCAPTIVA](https://millionrounds.com/company/biocaptiva) - [ILC Therapeutics](https://millionrounds.com/company/ilc-therapeutics) - [Pneumagen](https://millionrounds.com/company/pneumagen) - [Touch Bionics](https://millionrounds.com/company/touch-bionics) - [Kynos Therapeutics](https://millionrounds.com/company/kynos-therapeutics) - [uFraction8](https://millionrounds.com/company/ufraction8) - [Carcinotech](https://millionrounds.com/company/carcinotech) - [Invizius](https://millionrounds.com/company/invizius) - [Caldan Therapeutics](https://millionrounds.com/company/caldan-therapeutics) - [Dxcover](https://millionrounds.com/company/dxcover) - [Green Bioactives](https://millionrounds.com/company/green-bioactives) - [Concinnity Genetics](https://millionrounds.com/company/concinnity-genetics) - [Dyneval](https://millionrounds.com/company/dyneval) - [Nebu-Flow](https://millionrounds.com/company/nebu-flow) - [Citruslabs](https://millionrounds.com/company/citruslabs) - [CXR Biosciences](https://millionrounds.com/company/cxr-biosciences) - [Lentitek](https://millionrounds.com/company/lentitek) +7 more ## Healthtech 13 - [Bioliberty](https://millionrounds.com/company/bioliberty) - [Care Sourcer](https://millionrounds.com/company/care-sourcer) - [Phlo](https://millionrounds.com/company/phlo) - [Neuranics](https://millionrounds.com/company/neuranics) - [1nhaler](https://millionrounds.com/company/1nhaler) - [IbisVision](https://millionrounds.com/company/ibisvision) - [Metix](https://millionrounds.com/company/metix) - [*E* EnMovi](https://millionrounds.com/company/enmovi) - [Taragenyx](https://millionrounds.com/company/taragenyx) - [Nami Surgical](https://millionrounds.com/company/nami-surgical) - [PhysioMedics](https://millionrounds.com/company/physiomedics) - [ScreenIn3D](https://millionrounds.com/company/screenin3d) - [GLORIAH](https://millionrounds.com/company/gloriah) ## Agtech 11 - [Intelligent Growth Solutions](https://millionrounds.com/company/intelligent-growth-solutions) - [INGEN](https://millionrounds.com/company/ingen) - [MiAlgae](https://millionrounds.com/company/mialgae) - [SOLASTA Bio](https://millionrounds.com/company/solasta-bio) - [Rhizocore Technologies](https://millionrounds.com/company/rhizocore-technologies) - [Ace Aquatec](https://millionrounds.com/company/ace-aquatec) - [The James Hutton Institute](https://millionrounds.com/company/the-james-hutton-institute) - [Roslin Technologies](https://millionrounds.com/company/roslin-technologies) - [Beta Bugs Limited](https://millionrounds.com/company/beta-bugs-limited) - [WellFish Diagnostics](https://millionrounds.com/company/wellfish-diagnostics) - [Kaly](https://millionrounds.com/company/kaly) ## AI 11 - [Wordsmith AI](https://millionrounds.com/company/wordsmith-ai) - [PneumoWave](https://millionrounds.com/company/pneumowave) - [Earth Blox](https://millionrounds.com/company/earth-blox) - [Boundary](https://millionrounds.com/company/boundary) - [TileBio](https://millionrounds.com/company/tilebio) - [Talking Medicines](https://millionrounds.com/company/talking-medicines) - [GIGGED LTD](https://millionrounds.com/company/gigged-ltd) - [Gigged.AI](https://millionrounds.com/company/gigged-ai) - [Machine Labs](https://millionrounds.com/company/machine-labs) - [Bellrock Technology](https://millionrounds.com/company/bellrock-technology) - [SymphoMe](https://millionrounds.com/company/symphome) ## IT Services 11 - [Odro](https://millionrounds.com/company/odro) - [Rapid Mobile](https://millionrounds.com/company/rapid-mobile) - [Sumerian](https://millionrounds.com/company/sumerian) - [Exterity](https://millionrounds.com/company/exterity) - [Aiber](https://millionrounds.com/company/aiber) - [My1Login](https://millionrounds.com/company/my1login) - [Moblyze](https://millionrounds.com/company/moblyze) - [ESG360°](https://millionrounds.com/company/esg360) - [Trickle](https://millionrounds.com/company/trickle) - [Opinurate](https://millionrounds.com/company/opinurate) - [Estendio](https://millionrounds.com/company/estendio) ## Energy 9 - [ETZ](https://millionrounds.com/company/etz) - [Fraunhofer Centre for Applied Photonics](https://millionrounds.com/company/fraunhofer-centre-for-applied-photonics) - [novosound](https://millionrounds.com/company/novosound) - [Mocean Energy](https://millionrounds.com/company/mocean-energy) - [Innovatium](https://millionrounds.com/company/innovatium) - [Verlume](https://millionrounds.com/company/verlume) - [Arcola Energy](https://millionrounds.com/company/arcola-energy) - [SolarSub](https://millionrounds.com/company/solarsub) - [LIND](https://millionrounds.com/company/lind) ## Cleantech 9 - [Aquamarine Power](https://millionrounds.com/company/aquamarine-power) - [Smarter Grid Solutions](https://millionrounds.com/company/smarter-grid-solutions) - [Exergy3](https://millionrounds.com/company/exergy3) - [Carbogenics](https://millionrounds.com/company/carbogenics) - [Myriad Wind Energy Systems](https://millionrounds.com/company/myriad-wind-energy-systems) - [Forge Minerals](https://millionrounds.com/company/forge-minerals) - [Revive Eco](https://millionrounds.com/company/revive-eco) - [Heero Technologies](https://millionrounds.com/company/heero-technologies) - [Regeno Energy](https://millionrounds.com/company/regeno-energy) ## Hardware & Electronics 5 - [Skylark Lasers](https://millionrounds.com/company/skylark-lasers) - [*CS* Compound Semiconductor Technologies](https://millionrounds.com/company/compound-semiconductor-technologies) - [Singular Photonics](https://millionrounds.com/company/singular-photonics) - [Birdi](https://millionrounds.com/company/birdi) - [Pufferfish](https://millionrounds.com/company/pufferfish) ## Manufacturing 5 - [*P* pureLiFi](https://millionrounds.com/company/purelifi) - [Launchpad.build](https://millionrounds.com/company/launchpad-build) - [Metacarpal](https://millionrounds.com/company/metacarpal) - [*VR* Vert Rotors](https://millionrounds.com/company/vert-rotors) - [Sisaltech](https://millionrounds.com/company/sisaltech) ## Aerospace & Space 5 - [Spire](https://millionrounds.com/company/spire) - [PROTEUS](https://millionrounds.com/company/proteus) - [Flowcopter](https://millionrounds.com/company/flowcopter) - [RAB Microfluidics](https://millionrounds.com/company/rab-microfluidics) - [Aurora Avionics](https://millionrounds.com/company/aurora-avionics) ## Entertainment 4 - [FanDuel](https://millionrounds.com/company/fanduel) - [StretchSense](https://millionrounds.com/company/stretchsense) - [Changingday](https://millionrounds.com/company/changingday) - [SMASH](https://millionrounds.com/company/smash) ## Automotive & EVs 4 - [Trojan Energy](https://millionrounds.com/company/trojan-energy) - [Ulemco](https://millionrounds.com/company/ulemco) - [Willo](https://millionrounds.com/company/willo) - [Smart Green Shipping](https://millionrounds.com/company/smart-green-shipping) ## Segment by segment ### Biotech 31 startups · $584M raised - [**Valneva**](https://millionrounds.com/company/valneva) Valneva focuses on the development and commercialization of prophylactic vaccines for infectious diseases. France $310M - [*DM* **Dysis Medical**](https://millionrounds.com/company/dysis-medical) United Kingdom $57M - [**EnteroBiotix**](https://millionrounds.com/company/enterobiotix) EnteroBiotix Ltd. United Kingdom $38M - [**Macomics**](https://millionrounds.com/company/macomics) Macomics Ltd is a biotechnology and immuno-oncology company based in Edinburgh, Scotland, with additional facilities in Cambridge, UK. United Kingdom $21M - [**Cumulus Oncology**](https://millionrounds.com/company/cumulus-oncology) Cumulus Oncology is a biotechnology firm based in Edinburgh, Scotland, founded in 2017. United Kingdom $17M - [*AB* **Aquapharm Biodiscovery**](https://millionrounds.com/company/aquapharm-biodiscovery) Aquapharm Biodiscovery is a drug discovery company developing products based on the chemical diversity of marine microorganisms. United Kingdom $16M - [*TG* **TPP Global Development**](https://millionrounds.com/company/tpp-global-development) TPP Global Development is a preclinical stage drug development company focused on nervous system disorders, immunology, and oncology. United Kingdom $12M - [**BIOCAPTIVA**](https://millionrounds.com/company/biocaptiva) BioCaptiva develops liquid biopsy technology devices to diagnose and monitoring to detect cancers. United Kingdom $12M ### Healthtech 13 startups · $85M raised - [**Bioliberty**](https://millionrounds.com/company/bioliberty) Bioliberty is a medical technology startup based in Edinburgh and Boston, founded in 2020. United Kingdom $22M - [**Care Sourcer**](https://millionrounds.com/company/care-sourcer) Care Sourcer, a platform that connects those seeking care with those providing it United Kingdom $13M - [**Phlo**](https://millionrounds.com/company/phlo) Phlo Technologies Ltd is a digital pharmacy and healthcare logistics company based in the UK, with headquarters in Glasgow and London. United Kingdom $11M - [**Neuranics**](https://millionrounds.com/company/neuranics) Neuranics is a Scottish deep-tech company founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh. United Kingdom $8.0M - [**1nhaler**](https://millionrounds.com/company/1nhaler) 1nhaler Ltd is a Scottish medical device company based in Edinburgh, founded in 2017 by Don Smith and Lisa McMyn. United Kingdom $7.4M - [**IbisVision**](https://millionrounds.com/company/ibisvision) IbisVision is a health technology company based in Glasgow, specializing in remote vision testing. United Kingdom $5.6M - [**Metix**](https://millionrounds.com/company/metix) Metix develops devices and services for healthcare industry. United Kingdom $5.2M - [*E* **EnMovi**](https://millionrounds.com/company/enmovi) EnMovi is a Medical technology firm. - $3.3M ### Agtech 11 startups · $243M raised - [**Intelligent Growth Solutions**](https://millionrounds.com/company/intelligent-growth-solutions) Power, lighting and communications platforms in controlled environments. United Kingdom $126M - [**INGEN**](https://millionrounds.com/company/ingen) INGEN is an agricultural service company that specializes in planning, management, and coordination of food production groups and areas. Japan $37M - [**MiAlgae**](https://millionrounds.com/company/mialgae) MiAlgae is a Scottish biotechnology company founded in 2016, based in Edinburgh. United Kingdom $30M - [**SOLASTA Bio**](https://millionrounds.com/company/solasta-bio) SOLASTA® Bio is an agri-biotechnology company based in Glasgow, Scotland, founded in May 2020. United Kingdom $19M - [**Rhizocore Technologies**](https://millionrounds.com/company/rhizocore-technologies) Rhizocore Technologies Ltd is a UK-based ecological innovation and biotechnology company focused on mycorrhizal fungi products. United Kingdom $11M - [**Ace Aquatec**](https://millionrounds.com/company/ace-aquatec) Ace Aquatec is specialises in acoustic marine mammal deterrents and humane electrical fish stunning equipment. United Kingdom $10M - [**The James Hutton Institute**](https://millionrounds.com/company/the-james-hutton-institute) The James Hutton Institute delivers fundamental and applied science to drive the sustainable use of land and natural resources. United Kingdom $4.0M - [**Roslin Technologies**](https://millionrounds.com/company/roslin-technologies) Roslin Technologies Limited is a Scottish biotechnology company based at the Easter Bush Campus near Edinburgh. United Kingdom $3.0M ### AI 11 startups · $58M raised - [**Wordsmith AI**](https://millionrounds.com/company/wordsmith-ai) Wordsmith AI is a legal technology startup based in Edinburgh, founded in 2023 by Ross McNairn and his co-founders. United Kingdom $25M - [**PneumoWave**](https://millionrounds.com/company/pneumowave) PneumoWave is a digital health and digital therapeutics company based in Scotland, with significant operations in North Charleston United Kingdom $9.2M - [**Earth Blox**](https://millionrounds.com/company/earth-blox) Earth Blox is an environmental intelligence company based in Edinburgh, Scotland, founded in 2019. United Kingdom $8.0M - [**Boundary**](https://millionrounds.com/company/boundary) Boundary is a Seattle-based technology startup founded in 2023, focused on developing software engineering tools for Artificial In United States $5.2M - [**TileBio**](https://millionrounds.com/company/tilebio) TileBio is a biotechnology company based in Glasgow, founded in 2025. United Kingdom $2.7M - [**Talking Medicines**](https://millionrounds.com/company/talking-medicines) Talking Medicines is revolutionising healthcare marketing through AI/ML/NLP/GPT driven curated Patient, HCP and Opinion Leader ins United Kingdom $2.4M - [**GIGGED LTD**](https://millionrounds.com/company/gigged-ltd) Gigged AI is an artificial intelligence-powered platform designed for swiftly sourcing tech talent. United Kingdom $2.0M - [**Gigged.AI**](https://millionrounds.com/company/gigged-ai) Gigged.AI is a Glasgow-based company that offers an AI-powered blended work platform designed to address the tech skills shortage United Kingdom $1.4M ### IT Services 11 startups · $29M raised - [**Odro**](https://millionrounds.com/company/odro) Odro is a technology company based in Glasgow, Scotland, specializing in video interviewing and engagement software for the recrui United Kingdom $7.3M - [**Rapid Mobile**](https://millionrounds.com/company/rapid-mobile) Since 2004 we've helped some of the biggest names around take their messages and services mobile. United Kingdom $4.2M - [**Sumerian**](https://millionrounds.com/company/sumerian) Sumerian helps progressive enterprises improve their operational IT capacity planning, avoid capacity-related incidents and succes United Kingdom $3.6M - [**Exterity**](https://millionrounds.com/company/exterity) Exterity provides enterprise-class internet protocol television solutions. United Kingdom $3.1M - [**Aiber**](https://millionrounds.com/company/aiber) Aiber is a Scottish med-tech company headquartered in Inverness, with additional ties to Edinburgh. United Kingdom $2.4M - [**My1Login**](https://millionrounds.com/company/my1login) My1Login is a UK-based leader in Identity and Access Management (IAM), founded in 2007. United Kingdom $2.1M - [**Moblyze**](https://millionrounds.com/company/moblyze) Moblyze is the first talent marketplace app for the energy transition. United States $2.0M - [**ESG360°**](https://millionrounds.com/company/esg360) ESG360° is an online tool for integrating ESG data and targets into business. United Kingdom $1.2M ### Energy 9 startups · $59M raised - [**ETZ**](https://millionrounds.com/company/etz) ETZ is a pioneer in the field of net zero energy transition and a net exporter of goods, services, technology, and expertise. United Kingdom $23M - [**Fraunhofer Centre for Applied Photonics**](https://millionrounds.com/company/fraunhofer-centre-for-applied-photonics) Fraunhofer Centre for Applied Photonics is a center in the field of applied laser research and development. United Kingdom $11M - [**novosound**](https://millionrounds.com/company/novosound) Novosound is a Scottish technology company founded in 2018, specializing in the design and manufacture of innovative ultrasound sensors. United Kingdom $8.7M - [**Mocean Energy**](https://millionrounds.com/company/mocean-energy) Mocean Energy develops new technologies that can harness the power of waves and accelerate the transition to a zero-carbon world. United Kingdom $4.6M - [**Innovatium**](https://millionrounds.com/company/innovatium) Innovatium is a technology company that focuses on renewable energy. United Kingdom $4.0M - [**Verlume**](https://millionrounds.com/company/verlume) Verlume is an energy management and storage technology firm. United Kingdom $3.4M - [**Arcola Energy**](https://millionrounds.com/company/arcola-energy) Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles. United Kingdom $2.1M - [**SolarSub**](https://millionrounds.com/company/solarsub) SolarSub is an environmental firm that offers floating solar cooling system. United Kingdom $1.8M ### Cleantech 9 startups · $73M raised - [**Aquamarine Power**](https://millionrounds.com/company/aquamarine-power) Aquamarine Power is a wave energy company developing a hydro-electric wave energy converter called Oyster. United Kingdom $28M - [**Smarter Grid Solutions**](https://millionrounds.com/company/smarter-grid-solutions) Smarter Grid Solutions is a grid tech company that offers sustainable ways to help power companies meet the high demand for electricity. United Kingdom $19M - [**Exergy3**](https://millionrounds.com/company/exergy3) Exergy3 is clean-tech spinout from the University of Edinburgh. United Kingdom $15M - [**Carbogenics**](https://millionrounds.com/company/carbogenics) Carbogenics is a cleaning technology company. United Kingdom $5.0M - [**Myriad Wind Energy Systems**](https://millionrounds.com/company/myriad-wind-energy-systems) Myriad Wind Energy Systems is a Scottish climate-tech startup based in Stirling, founded in 2021. United Kingdom $1.8M - [**Forge Minerals**](https://millionrounds.com/company/forge-minerals) Forge Minerals is a UK-based company founded in 2024, located at the Edinburgh Innovation Hub in Scotland. United Kingdom $1.6M - [**Revive Eco**](https://millionrounds.com/company/revive-eco) Revive Eco is a Scottish green biotechnology company founded in 2015, based in Glasgow. United Kingdom $1.2M - [**Heero Technologies**](https://millionrounds.com/company/heero-technologies) Heero Technologies is a self-sustaining energy platform that strives to make net zero homes a possibility. United Kingdom $966K ### Hardware & Electronics 5 startups · $23M raised - [**Skylark Lasers**](https://millionrounds.com/company/skylark-lasers) Skylark Lasers is a photonics and laser development company based in Edinburgh, United Kingdom, founded in 2013. United Kingdom $9.6M - [*CS* **Compound Semiconductor Technologies**](https://millionrounds.com/company/compound-semiconductor-technologies) CSTG is a semiconductor foundry and custom service provider specialising in the design, development, and manufacture of discrete a United Kingdom $8.6M - [**Singular Photonics**](https://millionrounds.com/company/singular-photonics) Singular Photonics is a fabless semiconductor company based in Edinburgh, United Kingdom. United Kingdom $2.2M - [**Birdi**](https://millionrounds.com/company/birdi) Birdi is a digital pharmacy based in Novi, Michigan, dedicated to enhancing prescription home delivery services. United States $2.1M - [**Pufferfish**](https://millionrounds.com/company/pufferfish) Pufferfish, based in Edinburgh, is a leader in immersive spherical and hemispherical display technologies. United Kingdom $630K ### Manufacturing 5 startups · $63M raised - [*P* **pureLiFi**](https://millionrounds.com/company/purelifi) United Kingdom $48M - [**Launchpad.build**](https://millionrounds.com/company/launchpad-build) Launchpad is developing technology that will allow products to be delivered in days rather than months. United States $8.5M - [**Metacarpal**](https://millionrounds.com/company/metacarpal) Metacarpal is a prosthesis design manufacturing company. United Kingdom $2.7M - [*VR* **Vert Rotors**](https://millionrounds.com/company/vert-rotors) UK-based compressor manufacturing company. United Kingdom $2.5M - [**Sisaltech**](https://millionrounds.com/company/sisaltech) Sisaltech makes sustainable building insulation from sisal and wool. United Kingdom $976K ### Aerospace & Space 5 startups · $213M raised - [**Spire**](https://millionrounds.com/company/spire) We are a gas company serving 1.7 million customers in Missouri, Alabama, and Mississippi, providing natural gas to powers their ho United States $190M - [**PROTEUS**](https://millionrounds.com/company/proteus) Proteus is a cloud-based project management software tailored for energy, infrastructure, and large capital investment consultanci Germany $14M - [**Flowcopter**](https://millionrounds.com/company/flowcopter) Flowcopter Providing a strong platform for humanitarian and environmental applications that can operate in the most harsh environments. United Kingdom $5.1M - [**RAB Microfluidics**](https://millionrounds.com/company/rab-microfluidics) RAB-Microfluidics is a Scottish research and development technology company founded in 2016 by Dr. United Kingdom $2.6M - [**Aurora Avionics**](https://millionrounds.com/company/aurora-avionics) Aurora Avionics is a Scottish aerospace technology firm based in Edinburgh, founded in 2023. United Kingdom $648K ### Entertainment 4 startups · $365M raised - [**FanDuel**](https://millionrounds.com/company/fanduel) FanDuel offers fantasy sports with daily games for real money. United Kingdom $361M - [**StretchSense**](https://millionrounds.com/company/stretchsense) StretchSense is a leader in high-precision motion capture technology, specializing in stretchable sensors and motion capture gloves. New Zealand $2.3M - [**Changingday**](https://millionrounds.com/company/changingday) Changingday creates virtual reality games for autistic people. - $951K - [**SMASH**](https://millionrounds.com/company/smash) SMASH launches in the film & TV industries before moving into web series, short-form content, music videos, VR, games. United Kingdom $468K ### Automotive & EVs 4 startups · $58M raised - [**Trojan Energy**](https://millionrounds.com/company/trojan-energy) Trojan Energy is a UK-based clean energy and electric vehicle (EV) charging company founded in 2016 and headquartered in Aberdeen, Scotland. United Kingdom $40M - [**Ulemco**](https://millionrounds.com/company/ulemco) Ulemco specializes in the development of hydrogen technologies that allows commercial vehicles to run off hydrogen. United Kingdom $10M - [**Willo**](https://millionrounds.com/company/willo) Willo is a mobile-first group banking platform built around interaction and collaboration. Finland $6.3M - [**Smart Green Shipping**](https://millionrounds.com/company/smart-green-shipping) Smart Green Shipping develops technical, commercially viable, digitally enabled wind-powered solutions. United Kingdom $1.3M **How this map is made.** Every startup here has raised money in a round we track that names Scottish Enterprise as an investor, the first in 2005. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Government fund · United Kingdom **European Union** 68 startups · 11 sectors · $1.5B](https://millionrounds.com/portfolio-maps/european-union-portfolio-map)[Government fund · United Kingdom **Development Bank of Wales** 48 startups · 9 sectors · $207M](https://millionrounds.com/portfolio-maps/development-bank-of-wales-portfolio-map)[Government fund · United Kingdom **SBRI Healthcare** 38 startups · 3 sectors · $104M](https://millionrounds.com/portfolio-maps/sbri-healthcare-portfolio-map)[Government fund · United Kingdom **British International Investment** 35 startups · 5 sectors · $1.9B](https://millionrounds.com/portfolio-maps/british-international-investment-bii-portfolio-map)[VC firm · United Kingdom **Antler** 376 startups · 12 sectors · $10.0B](https://millionrounds.com/portfolio-maps/antler-portfolio-map)[VC firm · United Kingdom **Index Ventures** 359 startups · 12 sectors · $75B](https://millionrounds.com/portfolio-maps/index-ventures-portfolio-map) ## Raising from investors like Scottish Enterprise? 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